Just Being Frilly- Children’s Clothing Store
Running a small business seems easy enough until you start getting busy. Most small businesses go under within the first year because of the lack of preparation, inventory management, and lack of business model. ¬For any business to succeed you must act as if you are running a major corporation with the model, planning, inventory control, budgeting, and marketing. Although, you might be the sole person responsible for all of these actions, ensuring that all of this is done will help with a successful future for your company.
Controlling inventory does not have to be a complex task. It is a process and ...view middle of the document...
(Just Being Frilly, 2014) Your customers are returning and you are gearing up for the holidays. I understand the frustrations with making sure that you have the material, thread, and ruffles available for this time of the year. I know that with just being open 6 months you do not have a large capital to work with so after some review I have found an online company that specializes in small business for your inventory management system.
The company is Craftybase. (Craftybase, 2014) They are a small business as well started by a couple in the United Kingdom. Craftybase is designed to help professional craftspeople manage their projects, inventory, stock and sales. This product will help you achieve all 5 points listed above.
They are different to most traditional accounting software out there as we use a project management approach to track your sales and expenses, meaning you can build a picture of how each of your products perform over time.
It will hopefully make you a more organized sales person, and help you to become more effective by creating less wastage and have enough stock on hand when you need it.
The app has been designed to be as flexible as possible, so that you can find your own way of using our features depending on the type of products you make.
Even though, you do not always make your items, this program allows you to put your clothes in as a product, track your vendors, watch sales, and generate financial reports needed for accounting and tax purposes.
This is an online program and there are different levels you can subscribe at from the novice level costing 8.00 a month to a professional max level costing 13.00 a month.
The initial set up for this program does entail a great deal of data entry. However, once you get your inventory entered into the system along with your vendor details then it will be automated.
This program is compatible with both IBM and Mac processing unit. The only requirement is internet access. Once you begin entering your initial inventory into the system you can add photos of the products, colors, quantity, descriptions, and...